In the National Development Plan, the Government designated the N25 Waterford Bypass as a PPP Scheme.
The PPP schemes identified form an integrated coherent strategy of tolling of planned motorways, high quality dual carriageways and major bridge/river crossings.
The N25 Waterford Bypass scheme will guarantee a high quality route offering a greatly improved service for road users.
A number of key principles underpin the N25 Waterford Bypass PPP Scheme:
- The procurement for the construction and operation of the Bypass through a Design/Build/Finance/Operate arrangement
- A 30 year concession period for the collection of tolls.
- Maintenance of the Bypass will be the responsibility of the concessionaire.
- At the end of the 30 year concession period, and prior to hand-back of project, a specified residual life of the project is required.
- Value for money will be achieved through the utilization of private sector enterprise and private funding.
- The NRA considers that the Bypass will deliver time savings, journey time certainty and an overall high level of service to users for the toll charge levied.
- Users will derive identifiable benefits for their use of the tolled road.
When the Draft Toll Scheme was published in 2001, a total of 14 submissions were received. Accordingly an Oral Hearing was held in November 2001 to determine this matter.
Approval to the Toll Scheme was issued in 2002. In April 2003, the Waterford Bypass Toll Scheme was adopted by the Board of the National Roads Authority